Nalcor Energy, Ltd.
David Oake holds a Bachelor of Commerce (Honours) degree from Memorial University and a Master of Business Administration degree (specializing in Finance and International Business) from Queen’s University. His career began in the public service in several executive roles with the Government of Newfoundland and Labrador, including Deputy Minister of Treasury Board and Deputy Minister of Industry, Trade and Technology. He was deeply involved in negotiations with Hibernia and Terra Nova project proponents regarding royalty, project finance, taxation and industrial benefits issues. On entering the private sector, he served in successively more senior roles in the Canadian telecommunications sector, and from 2000 to 2008, he served as Executive Vice-President (Corporate Development) of Stratos Global Corporation, the world’s largest provider of remote satellite communications services.
Mr. Oake has served on the boards of several private companies and not-for-profit organizations, including as a director of Stratos Global Corporation, Moscow Teleport Ltd., Navarino Telecom, xwave and as Chairman and director of Marystown Shipyard Ltd., Bull Arm Site Corporation and C-CORE (1995 -2001). He rejoined the Board of Directors of C-CORE in 2008 and currently holds the position of Chair of the Board.
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Nalcor Energy, Ltd.
Nalcor Energy is a provincial energy corporation which is headquartered in St. John's, Newfoundland and Labrador. A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources. There are five lines of business which include Newfoundland and Labrador Hydro, the Churchill Falls Generating Station, The Lower Churchill Project, Oil and Gas and The Bull Arm Fabrication Site.